POSITIVE EVOLUTION IN ECONOMIC FORECASTING. CASE STUDY: THE EVOLUTION OF A COMPANY’S CAPITAL

Ion Popescu, Laura Ungureanu, Viorel Matei and Victor Velter
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Ion Popescu: Faculty of Financial-Accounting Management, Craiova Spiru Haret University
Victor Velter: Valahia University, Târgovişte

Annals of Spiru Haret University, Economic Series, 2010, vol. 1, issue 3, 163-176

Abstract: For the economic sciences, mainly for the planning and organization disciplines, the models display a range of varieties. For the last decades, though, the mathematics-based models seem to be the trend, partly because of their ability to rigorously concentrate the essentials and also to be programmed via the computer-based techniques, thus creating together an unheard of instrument of scientific investigation, a resourceful ‚extension’ of human intelligence.The article herein presents certain medium-term prognosis, via the dynamic modeling, elements of bifurcation theory and the Xpp software. The case study has been the object of a research contract with the business environment.

Keywords: economic modeling; forecasting; dynamic analysis (search for similar items in EconPapers)
JEL-codes: C53 C61 O21 (search for similar items in EconPapers)
Date: 2010
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